SPCE, ADBE, SOFI, CAVA, and more

Check out the companies making the biggest moves in pre-market trading:

Virgin Galactic Shares are up nearly 45% in pre-market trading, the day after the company announced that the first commercial space tourism flight is scheduled for later this month. The company said its second commercial flight is expected in early August, with monthly flights after that.

Adobe — The technology stock rose nearly 5% after its earnings and revenue beat after the bell on Thursday. The company also raised its forecasts for the third quarter of the fiscal year and the full year. It expects to earn between $15.65 and $15.75 a share, after adjustments, on revenue of between $19.25 billion and $19.35 billion in fiscal year 2023, the highest estimate.

iRobot Shares rose more than 20% after Britain’s Competition and Markets Authority approved Amazon The acquisition of 1.7 billion dollars From the Roomba vacuum cleaner. Amazon shares were flat.

SoFi Technologies Shares fell about 6% after Piper Sandler cut its rating to neutral from buy. The Wall Street firm said the call was mainly due to valuation, but that it believed the fintech firm was a “winner in the long run.” Oppenheimer also downgraded the stock on Thursday due to its recent rally.

Kava Group — Shares of the new restaurant were up more than 4% in pre-market trading Friday, extending its massive gains from Thursday’s session. Cava closed at $43.78 a share on its first trading day Thursday, up 99% from its IPO price of $22 a share.

Micron Technologies — Chip stock rose nearly 3% after a Bloomberg report He said Micron is close to closing a $1 billion deal to build a new plant in India.

DraftKings Shares rose more than 1% after the online bookmaker made a $195 million bid for PointsBet’s US assets, drawing fanatics to overbid.

— CNBC’s Jesse Pound contributed reporting.